As many as 5.24 lakh shares were traded on the BSE

The stock has been very volatile in the past few months, fluctuating between a low of Rs 64 and a high of Rs 72 between early-February 2006 and late-April 2006. From Rs 66.25 on 28 April, the scrip rose to Rs 77.55 on 10 May only to slip to Rs 66.35 by 16 May 2006.

The board has recommended a dividend of Rs 2.70 per equity share of Rs 10 each (fully paid) for the year 2005-06. The dividend-yield based on the current market price of Rs 68.25 worked out to 3.95%.

BRPL has registered poor Q4 and FY results for the period ended 31 March 2006.

The company’s net profit declined to Rs 30.65 crore in Q4 March 2006 as compared to Rs 51.55 crore in Q4 March 2005. Total income for the same has increased from Rs 1,232.33 crore to Rs 1,490.72 crore.

The company has posted a net profit of Rs 174.76 crore in FY06 as compared to Rs 478.30 crore in FY05. Total income has increased from Rs 4,570.39 crore to Rs 5,674.02 crore.

The board, in its meeting held on 22 March, had approved the implementation of the Diesel Hydra Treatment project with indigenous technology developed jointly by IOC (R & D) and Engineers India for Rs 1,420.13 crore.

Bongaigaon Refinery is an IOC group company with the parent holding 74.46% stake.